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☆ Taiwan Stock Exchange CEO: We are confident in our capital markets
▼ + stars: | 2024-04-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTaiwan Stock Exchange: We're confident in our capital markets no matter who next U.S. president isSherman Lim, chairman and CEO of the Taiwan Stock Exchange, discusses the exchange's outlook for the year.

Persons: Sherman Lim Organizations: Taiwan Stock Exchange

☆ Taiwan plays a 'very crucial role' in AI supply chain, says Taiwan Stock Exchange CEO
▼ + stars: | 2024-04-19 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +3 min

watch nowTaiwan plays a critical role in the AI chip revolution and the global semiconductor industry, the chief executive of the Taiwan Stock Exchange told CNBC in an exclusive interview. Sherman Lin, chairman and CEO of Taiwan Stock Exchange Corporation attributed the strong gains on the Taiwan Weighted Index to "the AI revolution." So it means, actually, Taiwan plays [a] very crucial role in AI supply chain and also the semiconductor industry," said Lin. Taiwan also held nearly 80% market share in extreme ultraviolet generation processes, such as 7-nanometer and more advanced technology, said TrendForce. EUV tools are critical in the production of the world's most advanced processors.

Persons: Sherman Lin, Lin, TSMC Organizations: Taiwan Stock Exchange, CNBC, Taiwan Stock Exchange Corporation, Taiwan, Taiwan Semiconductor Manufacturing Co, Apple, Nvidia, TSMC, U.S, ICT, Samsung, Intel Locations: Taiwan, South Korea, China, Japan, U.S

☆ The Taiwan earthquake puts the vulnerability of the world's biggest chipmaker on full display
▼ + stars: | 2024-04-03 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

The 7.2-magnitude earthquake shows the vulnerability of TSMC, the world's top chipmaker, to natural or geopolitical events. AdvertisementTaiwan experienced its worst earthquake in 25 years on Wednesday morning, disrupting the operations of companies including Taiwan Semiconductor Manufacturing, or TSMC. It's the world's largest chipmaker and is, by some estimates, the producer of 90% of the world's most advanced processor chips. Overall, a war over Taiwan could hit the world's economy to the tune of $10 trillion — or about 10% of global GDP — Bloomberg forecast. April 3, 6:41 p.m. SGT: An earlier version of this story misstated the magnitude of the earthquake that struck Taiwan.

Persons: —, TSMC Organizations: Taiwan Semiconductor Manufacturing, Service, Bloomberg, — Bloomberg, Taiwan Stock Exchange Locations: Arizona, Japan, Germany, Taiwan, Hsinchu, Beijing, Washington, China

☆ TSMC shares hit record high after Morgan Stanley lifts client Nvidia's price target on AI chip demand
▼ + stars: | 2024-02-15 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

TSMC, which is the world's largest producer of advanced processors, manufactures chips for companies such as Nvidia and Apple . Morgan Stanley increased the price target on the U.S. chip giant to $750 from $603 on Feb. 7 and said it continues "to see a very strong near term picture." TSMC shares opened at a high of 709 New Taiwan dollars on Thursday morning and closed at NT$697, nearly 8% higher from its last close on Feb. 5. The Taiwan Stock Exchange resumed trading on Feb. 15 after the Chinese New Year break. "B100 transition an important near term driver, impacting H100 lead times and competitive dynamics," wrote Morgan Stanley analysts in the Feb. 7 report to clients.

Persons: TSMC, Morgan Stanley, ChatGPT Organizations: Taiwan Semiconductor Manufacturing Company, Nvidia, Apple, New, Taiwan Stock Exchange Locations: Krakow, Poland, U.S, New Taiwan

☆ Taiwan Stock Exchange CEO says he expects 'over 45' IPOs this year
▼ + stars: | 2023-10-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTaiwan Stock Exchange CEO says he expects 'over 45' IPOs this yearSherman Lin, chairman and CEO of the Taiwan Stock Exchange, discusses how the island has been courting more investments.

Persons: Sherman Lin Organizations: Taiwan Stock Exchange

☆ Pegatron India fire traced to workers' failure to turn off switch -sources
▼ + stars: | 2023-09-27 | by ( Praveen Paramasivam | ) www.reuters.com time to read: +4 min

People are seen outside the main gate of the Pegatron facility following a fire incident at the facility near Chennai, India, September 26, 2023. A senior Tamil Nadu government source, and another industry source briefed on the matter, detailed how Sunday's events unfolded. One smartphone industry source with direct knowledge said the charging racks at the Pegatron plant are typically switched off after three Saturday shifts end early on Sundays. The fire damaged some machines, said the government source and another source with direct knowledge, who spoke on condition of anonymity. About 8,000 people work on the assembly line at the Pegatron facility, which sprawls across 39,000 sq.

Persons: Praveen, Pegatron, Praveen Paramasivam, Munsif, Faith Hung, Ben Blanchard, Aditya Kalra, Clarence Fernandez Organizations: REUTERS, Sunday, Reuters, Apple, Tamil, Firemen, Thomson Locations: Chennai, India, Tamil Nadu, Taiwan, Chengalpattu, Bengaluru, Taipei

TAIPEI, Taiwan (AP) — Taiwan authorities fined a golf ball manufacturer 2.4 million New Taiwan dollars ($75,000) on Monday and warned of criminal charges for storing 30 times the legal limit of hazardous material and other violations after a major factory fire killed nine people and left one other missing. Launch Technologies is one of the world's major golf ball makers, producing 20% of the global supply last year. Since 2018, the company has been fined 200,000 New Taiwan dollars ($6,200) for safety and health violations and another 300,000 New Taiwan dollars ($9,300) over labor conditions, according to Taiwan's Occupational Safety and Health Administration. The company was also fined 300,000 New Taiwan dollars ($9,300) for air pollution violations in 2020, according to its 2021 annual report. Company general manager Lu Ying-cheng said at a news conference on Sunday that Launch Technologies has made improvements to the work environment in recent years.

Persons: Chou Chun, Chou, Lu Ying, cheng, ” Lu, Wanqing Chen Organizations: Taiwan, Technologies, Taiwan's Central News Agency, . Company, Launch Technologies, Safety, Health Administration, Company, Taiwan Stock Exchange, Associated Press Locations: TAIPEI, Taiwan, Pingtung, Beijing

TAIPEI, Aug 18 (Reuters) - Foreign investors seem to be undeterred by the possibility that growing tensions between Taiwan and China could precipitate fund outflows from the Taiwan market, the chairman of the Taiwan Stock Exchange told Reuters. "Foreign investors have recently trimmed their holdings. "We have talked to foreign investors, including from countries such as Japan and Singapore. "Even with the regular sight of Chinese warplanes flying around, why have foreign investors not left the Taiwan market?" "Taiwan's supply chain is very strong.

Persons: Sherman Lin, Lin, Faith Hung, Roger Tung, Jacqueline Wong Organizations: Taiwan Stock Exchange, Reuters, Investment, Depository Trust, Clearing, Thomson Locations: TAIPEI, Taiwan, China, Asia, Japan, Singapore, New York, Boston

A man wearing a face mask passes in front of screens showing trading data while using an escalator outside Taiwan Stock Exchange in Taipei, Taiwan March 20, 2023. REUTERS/Annabelle Chih/File Photo Acquire Licensing RightsTAIPEI, Aug 18 (Reuters) - Foreign investors seem to be undeterred by the possibility that growing tensions between Taiwan and China could precipitate fund outflows from the Taiwan market, the chairman of the Taiwan Stock Exchange told Reuters. Taiwan Stock Exchange Chairman Sherman Lin said in an interview this was a natural plateau after a rally rather than a sign that foreign funds are fleeing the market. "We have talked to foreign investors, including from countries such as Japan and Singapore. "Even with the regular sight of Chinese warplanes flying around, why have foreign investors not left the Taiwan market?"

Persons: Annabelle Chih, Sherman Lin, Lin, Faith Hung, Roger Tung, Jacqueline Wong Organizations: Taiwan Stock Exchange, REUTERS, Rights, Reuters, Investment, Depository Trust, Clearing, Thomson Locations: Taiwan, Taipei, Rights TAIPEI, China, Asia, Japan, Singapore, New York, Boston

☆ From a failed $20 billion joint venture to stalled projects, India's dreams of becoming a chipmaking powerhouse are off to a bad start
▼ + stars: | 2023-07-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Foxconn said Monday it's scrapping a $20 billion JV with Indian conglomerate Vedanta to make semiconductors. Other plans to boost India's chipmaking sectors are also progressing slowly. The two companies signed an agreement in February 2022 to form a joint venture, or JV, to manufacture semiconductors in India. Apart from Foxconn abandoning its JV with Vedanta, two other chipmaking ventures are also in limbo. A $3 billion venture under global consortium ISMC — which counts Israel's Tower Semiconductor as a partner — has stalled, as Tower is in the process of being acquired by tech bigwig Intel, Reuters reported on June 1.

Persons: Foxconn, Narendra Modi's, Taiwan's Foxconn, Apple —, Narendra Modi, —, hasn't, Rajeev Chandrasekhar, editorializing abt, Modi Organizations: Vedanta, Indian, Morning, Apple, JV, Hai Technology Group, Taiwan Stock Exchange, Taiwan Semiconductor Manufacturing Company, ISMC, Semiconductor, Intel, Reuters, Micron, JV Vedanta, India Locations: India, Taiwan, China, Gujarat, Taiwan Straits, Singapore, Indias

TAIPEI, June 8 (Reuters) - Taiwan's top chip design company MediaTek Inc (2454.TW) said on Thursday it will defend itself in court against accusations from Realtek (2379.TW) that it paid a company that sues over patents a "secret litigation bounty" to file meritless lawsuits. Realtek Semiconductor Corp's lawsuit, lodged in California, accuses MediaTek of conspiring with IPValue Management Inc in an effort to drive Realtek out of the market and monopolise the industry for chips used in smart televisions and set-top boxes. In a statement to the Taiwan stock exchange, MediaTek said the case was in the process of being litigated and it will submit evidence and defend itself against the accusations. It added that the litigation has no significant impact on the company. Reporting by Ben Blanchard; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: MediaTek, Ben Blanchard, Christopher Cushing Organizations: MediaTek Inc, Realtek Semiconductor, IPValue Management Inc, Thomson Locations: TAIPEI, Realtek, California, Taiwan

☆ Apple supplier Foxlink says working to resume production after India fire
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +1 min

TAIPEI, March 1 (Reuters) - Taiwanese Apple Inc (AAPL.O) supplier Foxlink (2392.TW) said on Wednesday it is working hard to resume production following a fire at a plant in southern India that halted operations at the maker of iPhone charging cables. Foxlink was engulfed in a massive fire on Monday that led part of the building to collapse, but there were no casualties. Foxlink, in a statement to the Taiwan stock exchange, said it is investigating the cause of the fire and "working hard to resume production". The company will coordinate with customers and suppliers to "discuss solutions for the production capacity affected before resuming work". The company's stock was down more than 2% in early morning trade Wednesday, compared to a 0.5% fall for the broader market (.TWII).

☆ Workers are fleeing from Foxconn, China's biggest iPhone factory, by climbing over fences and walking down highways on foot amid COVID fears, photos and videos show
▼ + stars: | 2022-10-31 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Workers are reportedly fleeing the world's largest iPhone factory in droves, amid a Covid outbreak. Dramatic photos and videos of Foxconn workers escaping the Zhengzhou compound have made their way online. Foxconn said it's continuing to implement pandemic prevention measures in Zhengzhou park, including setting up a 24-hour hotline for employees. The Foxconn outbreak happened just as Apple enters the crucial holiday quarter for retail trade. Foxconn shares are flat on Monday, trading at 45.50 New Taiwan Dollars, or $1.41 apiece, on the Taiwan Stock Exchange.

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